___________ Is the Disproportionate Concentration of Economic Flows or the Coordination

question 17

Multiple Choice

___________ is the disproportionate concentration of economic flows or the coordination of foreign economic policies among a group of countries in close geographic proximity to one another.

• A) Globalization
• B) Supranationalism
• C) Intergovernmentalism
• D) Regionalism

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Definitions:

Trade Credit

A type of commercial financing where a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Operating Plan

A detailed document outlining the day-to-day operations required to run a business, including production, staffing, and inventory management processes.

Financial Planning

The process of estimating the capital required and determining its competition; it is the process of framing financial policies in relation to procurement, investment, and administration of funds of an enterprise.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them, often involving planning and resource allocation.